Abstract

Abstract

Abstract

Digital transformation of industries and markets remains a key challenge for the modern competition policy. Digital ecosystems are playing increasingly important roles in the structure of the economy. That is why their regulation is becoming an especially relevant problem for antitrust regulators. The goal of this preprint is to identify key specific factors of competition restraints on markets for goods and services in the spheres of digital ecosystems functioning. The authors of the research aggregate and compare main concepts and models of digital ecosystems with a focus on procompetitive and anticompetitive factors of their activities. The authors also summarize main issues raised in the process of market behavior qualification and market structure assessment for artificial intelligence (AI) intensive companies (ecosystem leaders). These issues include enhanced market concentration, risks of price discrimination and algorithmic collusion. The main research method in this regard is the legal and economic analysis, which is based on the economic assessment of Russian and foreign legal documents. The specific challenge in that sphere is the dependence of AI efficiency on big-data-based machine learning. This feature causes an increase in market concentration, strengthens the positions of market leaders, and potentially weakens the competitive environment. The results of the research include the systematization of digital ecosystem concepts, the detection of main factors for their modeling and the identification of presumptions and consequences of the modernization of antitrust regulation. Antitrust bodies are recommended to improve their own digital competencies and analytical capabilities to prevent the loss of control over the market, as well as the elimination of AI benefits.

Abstract

The object of the research is the interconnections arising in the process of operation of Russian and foreign payment systems. The goal of the study is to conduct a comprehensive assessment of the risks faced by the settlement and payment systems operating in the context of the global recession, mounting sanctions against Russia, as well as the expected economic recovery and growth and the reorientation of production to new energy sources. Research methodology. In the course of the study, methods of scientific abstraction, economic and statistical analysis, functional and structural analysis, a systematic approach, a comparison method, graphical and tabular visualization techniques for statistical and other data, generalization and formalization were used. The project was carried out as part of the research work carried out by the Laboratory for Structural Research of the Institute of Applied Economic Research of the Russian Presidential Academy of National Economy and Public Administration in 2021. Research results:

Description of the mechanisms of influence of organizational and technical factors on the state of the payment system and the implementation of cashless payments by commercial banks,

Building a system of dependencies between the introduction of the latest payment systems and the development level of the financial market, as well as the main macroeconomic indicators,

Analyzing traditional methods of risk assessment and management, proposing approaches to their improvement,

Development of a methodology for backing up system-wide risk.

Abstract

The object of this working paper is the policy and priorities of the digital economy leaders (the G20 members) in regulating digital platforms. The goal of the study is to assess the impact of these countries’ policies in the field of digital platforms regulation and to develop recommendations regarding Russia’s policy on digital platforms and its participation in developing new global regulatory approaches. In order to achieve this goal, the working paper addresses the following objectives: to clarify the criteria and select the leading countries from among the G20 members on the basis of expert assessments and data from international ratings; to carry out the analysis of policies and priorities of the selected digital leaders (UK, USA, Canada, EU, Japan, Korea, India, China) as well as Russia in regulating digital platforms; to develop recommendations regarding Russia’s policy on digital platforms regulation at the national level, as well as promoting its approach within the G20 and other multilateral institutions. The study is highly relevant since the leading developed countries increase their regulatory potential, including through the consistent inclusion of their standards and cooperation norms they have developed in the documents adopted by multilateral organizations, and thus create a global market for their goods and services, and additional opportunities for their companies. The study shows that a strong potential exists for a positive effect in terms of a coordinated approach to regulating digital platforms’ activities at the international level. In this context, it is important for Russia to integrate the issues of digital platforms regulation into the BRICS and G20 digital economy agendas.

Abstract

The paper assesses the effectiveness of BRICS as a global governance institution in the time of global social-economic crisis caused by the COVID-19 pandemic and escalation of political tensions in the first half of 2022. The main object of the study is the implementation of the decisions made at the BRICS summit in New Delhi in 2021. The goal of the study is to monitor and assess the BRICS compliance with the collective decisions made in the key areas such as security, macroeconomics, finance, international institutions’ reform agenda, etc. The research is relevant as it attempts to find an optimal strategy for preserving Russia’s position at the global fora in order to mitigate growing pressure over Russia’s economic and political system. The ongoing study will enable an objective assessment of the role BRICS plays in the context of realizing Russia's interests in key areas - macroeconomic policy, healthcare, energy sector, etc. The study is based on the methodology of comparative analysis of the effectiveness of international institutions, content analysis and criterial selection method. The authors conclude that in the crisis situation, BRICS has maintained adherence to the key decisions made in top-priority spheres and demonstrated high solidarity amid growing tensions between Russia and the Western countries, which signifies the value of the BRICS role in meeting Russia’s strategic priorities and keeping the country’s influence in the global politics

Abstract

An inclusion of non-market goods and services which are core to the digital economy in the system of economic circulation affects the basic socio-economic indicators both in Russian and in international practice. In this connection, the goal of this study is to develop a methodological basis for accounting and measuring non-market components in the emerging digital economy of the Russian Federation. As methods and methodology of the study, we use the provisions of the 2008 SNA methodological base relating to the accounting of new objects in the system of economic turnover; methods of forming input-output tables in the SNA application system; methods of transforming the indicators of the formation and use of resources into a system of indicators of symmetric input-output tables; methods of matrix calculations in building indicators of intersectoral relations, taking into account the digitalization processes of the Russian economy; methods of accounting the influence of price and hedonistic The main are: the development of a methodological framework for accounting for nonmarket components in the formation of a system of indicators of the digital economy; the development of methodological approaches to the valuation of non-market components in measuring the economic effects of digitalization; testing the proposed methodology for accounting and measuring non-market components in the digital economy based on Russian data, and developing recommendations for using the results in the formation and implementation of economic and industrial. 

Abstract

The working paper studies the approaches of the digital economy leaders (the US, the EU and China) to data governance and approaches they promote in international institutions. Data can generate not only profits for tech giants, but also social value. However, the market forces by themselves will not create data-based public goods. Government actions are needed at the county level and inter-state and multilateral institutions cooperation at the international level. The study is highly relevant, since to date despite numerous initiatives to establish coordination mechanisms and data regulation, cooperation on data governance is highly fragmented and gridlocked due to contradictions and tough competition between key players. One of the key disagreements is related to the regulation of cross-border data flows. The working paper aims to explore contradictions between the regulatory practices of the key actors in digital economy, the US, EU and China in the first place, and approaches they promote in international institutions (the WTO, G20, G7, OECD). In particular, the author looks into the G20 agenda on data governance and the Initiative on free data flow with trust, its challenges, and risks of cooperation stagnation. The working paper presents possible scenarios of future cooperation on data governance, their risks and perspectives, including the establishment of the Digital Economy and Data Governance Board by the G20, G7 initiative on shaping global digital order, deepening of cooperation on data governance within the G7 and the OECD, and the UNCTAD proposal on building a multilevel distributed polycentric data-governance model with the UN central role. The author concludes with a proposal on BRICS cooperation aimed at shaping inclusive multilateral data governance.

Abstract

The working paper studies the problems of digital platforms regulation related to consumer protection, countering anti-competitive practices, designing preventive (ex-ante) regulations, interdepartmental and international cooperation. The study is highly relevant since digital platforms act as private regulators of their ecosystems. They set rules for users, shape the business environment, control the implementation of rules and the behavior of ecosystem participants. Thus, digital platforms control the behavior of citizens and businesses, while they (until recently) have not been controlled by the state and society. The working paper aims to analyze the main challenges that states face when shaping the new and extending the existing regulatory practices to digital platforms’ activities. Based on the results of the study, the authors assess the main regulatory challenges related to consumer protection, countering the monopoly behavior of developing platforms, developing ex-ante measures, establishing cooperation between various government bodies and international cooperation. The authors conclude with recommendations for improving digital platforms regulation, taking into account the identified challenges.